On our approaching serfdom.

Friday, October 15th, 2010 @ 8:08 am | Economy

We now realize that foreclosures are happening in as sloppy, haphazard, and groundless a manner with which the subprime lending bubble blew up the country. And here we go again:

True to form, the Obama administration’s response has been to oppose any action that might upset the banks, like a temporary moratorium on foreclosures while some of the issues are resolved. Instead, it is asking the banks, very nicely, to behave better and clean up their act. I mean, that’s worked so well in the past, right?

The response from the right is, however, even worse. Republicans in Congress are lying low, but conservative commentators like those at The Wall Street Journal’s editorial page have come out dismissing the lack of proper documents as a triviality. In effect, they’re saying that if a bank says it owns your house, we should just take its word. To me, this evokes the days when noblemen felt free to take whatever they wanted, knowing that peasants had no standing in the courts. But then, I suspect that some people regard those as the good old days.

Toothless Democrats vs. Republicans actively aiding the country’s destruction…and about half the electorate digs the Republicans for having conviction. No doubt, in feudal days many serfs did admire the nobles.


One Response to “On our approaching serfdom.”

  1. mike g Says:

    But the king allows us to live on their property!